Basic Rental Payments definition

Basic Rental Payments means that portion of the Rental Payments described in Section 5.2(a) of this Lease.
Basic Rental Payments means the Payments payable pursuant to Section 5.02. Bond Fund shall mean the fund established pursuant to Section 8.01 of the Indenture.
Basic Rental Payments means the Payments payable pursuant to Section 5.02. BOND FUND shall mean the fund established pursuant to Section 8.01 of the Indenture. BOND GUARANTY shall mean that certain Bond Guaranty Agreement dated March 1, 1999, executed by User in favor of the Trustee. BOND PAYMENT DATE shall mean each date on which any principal of, premium (if any) or interest on the Bonds is due and payable (whether on the maturity or due dates thereof, by call for optional or mandatory or extraordinary redemption, by acceleration, or by optional or mandatory tender). CITY shall mean the City of Piedmont, Alabama and any successor to its functions. CONSTRUCTION FUND shall mean the fund established pursuant to Section 7.02 of the Indenture.

Examples of Basic Rental Payments in a sentence

  • The Company covenants and agrees to pay, or cause to be paid, as and for rental and for use of the Project, throughout the Term, the Basic Rental Payments and the Additional Rental Payments as provided in this Section, in funds which constitute lawful monies of the United States of America for the payment of public and private debts, as at the time of payment.

  • The City Council hereby irrevocably budgets and appropriates moneys in the amount of $ for Fiscal Year 2014, to be used to make the Basic Rental Payments (as defined in the Lease) due under the Lease during the Renewal Term of the Lease coextensive with Fiscal Year 2014.

  • This is to provide an early warning should the shelf-life prove to be shorter than the provisional shelf- life estimated from the accelerated stability studies.

  • Such directions must be consistent with any mandatory provision of the Indenture and the Financing Lease with respect to the required use of such money.The Company acknowledges in the Financing Lease that Basic Rental Payments have been calculated to provide amounts which will be sufficient to pay Debt Service on the Series 2016 Bonds as the same matures and comes due.

  • The Company shall receive a credit against the Basic Rental Payments described above as follows: (1) The amount of accrued interest received from the sale of the Series 2016 Bonds and deposited in the Debt Service Fund shall be deducted from the amount of interest due on the first Interest Payment Date for purposes of calculating the required Basic Rental Payments.

  • Section V.2. Rental Payments; Basic Rental Payments; and Additional Rental Payments.

  • Any other amounts paid to the Lender as a prepayment of Basic Rental Payments or the Facility Loan pursuant to any provisions hereof or the terms thereof, including, but not necessarily limited to, Section 9.4 hereof.

  • Any other money held by the Trustee and available, under the terms of the Indenture and the Financing Lease for the payment of Debt Service on the Series 2016 Bonds shall be credited against Basic Rental Payments as directed by the Company.

  • Basic Rental Payments shall be made out of monies available in the Revenue Fund in accordance with the provisions of the Indenture.

  • The Issuer hereby directs the Company to make the Basic Rental Payments to the Lender for payment of the Facility Loan, and such payments shall be made in a timely manner so that the Issuer can comply with the provisions of the Facility Loan Documents.


More Definitions of Basic Rental Payments

Basic Rental Payments means the payments required by Section 4.02 of the Lease Agreement. Beneficial Owner shall have the meaning set forth in Section 4.13 hereof. Bond shall mean any bond authenticated and delivered pursuant to this Indenture. Bond Fund shall mean the fund established pursuant to Section 8.01.
Basic Rental Payments means the Payments payable pursuant to Section 5.02. Bond Fund shall mean the fund established pursuant to Section 8.01 of the Indenture. Bond Guaranty shall mean that certain Bond Guaranty Agreement dated March 1, 1999, executed by User in favor of the Trustee. Bond Payment Date shall mean each date on which any principal of, premium (if any) or interest on the Bonds is due and payable (whether on the maturity or due dates thereof, by call for optional or mandatory or extraordinary redemption, by acceleration, or by optional or mandatory tender). City shall mean the City of Piedmont, Alabama and any successor to its functions. Construction Fund shall mean the fund established pursuant to Section 7.02 of the Indenture. Credit Documents shall mean collectively all agreements, documents, guaranties, instruments, notes, notices, and other writings executed and delivered by the User or any other persons or persons which evidence, guarantee or provide security for the obligations of the User with respect to the Letter of Credit, including any amendments or supplements to any thereof from time to time entered into pursuant to the applicable provisions thereof, until a Substitute Letter of Credit shall have been accepted by the Trustee, and thereafter “Credit Documents” shall mean collectively all agreements, documents, guaranties, instruments, notes, notices, and other writings which evidence, guarantee or provide security for the obligations of the User with respect to such Substitute Letter of Credit. Debt Service shall mean the principal of, premium (if any) and interest on the Bonds. Enabling Law shall mean Division 1 of Article 4 of Chapter 54 of Title 11 of the Code of Alabama 1975. Environmental Law shall mean and include all laws, rules, regulations, ordinances, judgments, decrees, codes, orders, injunctions, notices and demand letters of any Governmental Authority applicable to the User or the Project Site (including the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended, 42 U.S.C. Sections 9601, et seq.) relating to pollution or protection of human health or the environment, including any relating to Hazardous Substances. Equipment shall have the meaning assigned in Demising Clause III of Article 3.
Basic Rental Payments means (i) the moneys payable by the Lessee pursuant to the provisions of Section 5.2 hereof, and (ii) any other moneys payable by the Lessee hereunder to provide for the payment of the principal of and the interest and premium (if any) on the Bonds (other than the aforesaid moneys payable pursuant to Section 5.2 hereof).

Related to Basic Rental Payments

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Consolidated Rental Payments means, for any period, the aggregate amount of all rents paid or payable by Company and its Subsidiaries on a consolidated basis during that period under all Capital Leases and Operating Leases to which Company or any of its Subsidiaries is a party as lessee.

  • Past Due Rent Payment is defined in Section 2.2(g).

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Rent Payment means the amount payable by Lessee for the Assets as specified in the applicable Schedule.

  • Monthly Rent means the monthly installment of Minimum Annual Rent plus the monthly installment of estimated Annual Operating Expenses payable by Tenant under this Lease.

  • Special Allowance Payments means payments, designated as such, consisting of effective interest subsidies by the Department in respect of the Trust Student Loans to the Eligible Lender Trustee on behalf of the Trust in accordance with the Higher Education Act.

  • Minimum Rent means Fifty Million Thirty-Three Thousand Nine Hundred Seventy-Six and 00/100ths Dollars ($50,033,976.00), subject to adjustment as provided in Section 3.1.1(b).

  • Additional Rental has the meaning set forth in Section 4.03.

  • Basic Rent means Basic Rent as defined in Paragraph 6.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Base Rental means the amount of rent due to Landlord per square foot for the first year of the Term. Base Rental for the first year of Term shall be $32.50 per square foot for the building and $7.50 per square foot for the drive thru at the Premises. Year Per SqFt First Floor Per SqFt Drive Thru TotalPer Annum TotalPer Month 1 $ 32.50 $ 7.50 $ 151,512.00 $ 12,626.00

  • Fixed Rent shall have the meaning set forth in Section 1.1 hereof.

  • Base Rent $ 25,024 per month ("Base Rent"), payable on the 1st day of each month commencing on the Commencement Date (Also see Paragraph 4.) [ ] If this box is checked, this Lease provides for the Base Rent to be adjusted per Addendum ___, attached hereto.

  • Lease Rentals means, for any period, the aggregate amount of fixed rental or operating lease expense payable by the Company and its Subsidiaries with respect to leases of real and personal property (excluding Capital Lease Obligations) determined in accordance with GAAP.

  • Additional Rent means all amounts, other than Basic Rent and any Security Deposit, required to be paid by the Tenant to the Landlord in accordance with this Agreement.

  • Lease Payments means the rental payments described in Exhibit A hereto.

  • Rent Payment Date means each date on which an installment of rent is due and payable pursuant to Section 5(a) hereof.

  • Additional Payment is as defined in Section 6 of the Agreement.

  • Additional Payments means the amounts required to be paid by the Company pursuant to the provisions of Section 4.2 hereof.

  • Supplemental Payment means any payments or transfers of things of value made to the District or to any person or persons in any form if such payment or transfer of thing of value being provided is in recognition of, anticipation of, or consideration for the Agreement and that is not authorized pursuant to Sections 313.027(f)(1) or (2) of the TEXAS TAX CODE, and specifically includes any payments required pursuant to Article VI of this Agreement.

  • Additional Rent(s) means amounts payable under any Lease for (i) the payment of additional rent based upon a percentage of the Tenant’s business during a specified annual or other period (sometimes referred to as “percentage rent”), (ii) so-called common area maintenance or “CAM” charges, and (iii) so called “escalation rent” or additional rent based upon such tenant’s allocable share of insurance, real estate taxes or operating expenses or labor costs or cost of living or xxxxxx’x wages or otherwise.

  • Excess Rent means the excess of (a) all consideration received by Tenant from a Transfer over (b) Rent payable under this Lease after deducting reasonable tenant improvements paid for by Tenant, reasonable attorneys’ fees and any other reasonable out-of-pocket costs paid by Tenant as a result of the Transfer (but specifically excluding any Rent paid to Landlord while the Premises is vacant).

  • Final Payment is a payment (in addition to and not a substitution for the regular monthly payments of principal plus accrued interest) due on the earliest to occur of (a) the Maturity Date, or (b) the acceleration of any Term Loan, or (c) the prepayment of a Term Loan pursuant to Section 2.2(c) or (d), equal to the original principal amount of such Term Loan multiplied by the Final Payment Percentage, payable to Lenders in accordance with their respective Pro Rata Shares.

  • Rent as used in this Section 21 shall be deemed to be and to mean all sums of every nature required to be paid by Tenant pursuant to the terms of this Lease, whether to Landlord or to others. As used in Sections 21(c)(ii)(A) and (B), above, the “worth at the time of award” shall be computed by allowing interest at the Default Rate. As used in Section 21(c)(ii)(C) above, the “worth at the time of award” shall be computed by discounting such amount at the discount rate of the Federal Reserve Bank of San Francisco at the time of award plus 1%.

  • Delta Payment means as it is described in this Agreement.